The Nation (Thailand) articles from October 2008, page 7

The Nation (Thailand) archives from October 2008

Inflation falls but may jump next year.
October 2, 2008... Byline: The Nation. Thailand's inflation Thailand's inflation rate fell for a second consecutive month, to 6 per cent in September, due mainly to the unrealistic reduction in prices following the government's six measures to lower...

Big budget boost for transport projects.
October 2, 2008... Byline: The Nation. The first four months The first four months of fiscal 2009 will likely see heavy reimbursement of the state budget for mega-transport projects, a source at the Transport Ministry said yesterday. The transport...

Piyaphan quits Transport as C-11 official.
October 2, 2008... Byline: The Nation. Piyaphan Jumpasut has become the first official at the Transport Ministry to have retired with the rank of C-11 but without holding the title of permanent secretary. The former deputy permanent secretary was...

Talks on insurance confidence fund.
October 2, 2008... Byline: The Nation. The Finance Ministry today will discuss a proposal that the government create a Bt10-billion fund to protect insurance policyholders as a means of boosting confidence in the insurance industry. The proposal comes...

New JFC to continue Thai funding.
October 2, 2008... Byline: The Nation. Japan Finance Corp (JFC), formerly known as the Japan Bank for International Cooperation (JBIC), has promised to continue providing financial support for Thai firms participating in infrastructure projects,...

PTT expects deeper retail-oil loss in 2008.
October 2, 2008... Byline: The Nation. PTT expects its retail oil business to lose Bt5 billion this year, worse than last year's Bt2.9 billion, as pump prices cannot stay up with the rising global price trend. Prasert Bunsumpun, president and CEO of...

AIS may defer 3G service.
October 2, 2008... Byline: The Nation. Advanced Info Service might hold back the development of its 3G mobile broadband business due to low demand and doubts on financial feasibility from shareholders. AIS president Wichian Mektrakarn said yesterday...

CRC upgrades with e-communications.
October 2, 2008... Byline: The Nation. Central Retail Corp, a leading department store and retail chain operator, has modernised its supplier relations by moving to an e-communications system. "With the paperless system, we can save Bt2 million to Bt3...

Scotiabank goes for 49%.
October 2, 2008... Byline: The Nation. Awaits BOT approval to double stake Canada-based Scotiabank, one of the 100 largest banks in the world, plans to spend US$225 million (Bt7.6 billion) to raise its stake in Thanachart Bank from 24.99 per cent at...

True gains on tie-up rumour.
October 2, 2008... Byline: The Nation. True Corp's share price rose significantly yesterday amid huge trade volume, following rumours that it is in talks to sell shares to telecom operator China Mobile for a possible strategic partnership. True's share...

THAI slashes fuel surcharges by up to 30%.
October 2, 2008... Byline: The Nation. Thai Airways International yesterday cut the fuel surcharges on all its flights by up to 30 per cent following the recent sharp decline in oil prices. The airline hopes the move, which has immediate effect, will...

Melamine traces found here in China imports.
October 2, 2008... Byline: The Nation. The government is testing 96 products from China for melamine and has found traces of the potentially deadly chemical in powdered milk. Yesterday, the Thai Food and Drug Administration cleared two separate samples...

Thailand has its own credit crisis brewing.
October 1, 2008... Byline: The Nation. Re: "Fed intervention the only option to keep us from ruin", Opinion, September 29. MR Pridiyathorn's explanation of the financial crisis is very useful but also disappointing. He blames the US sub-prime...

Rejection of bailout plan causes panic across the globe.
October 1, 2008... Byline: The Nation. As the fallout from the US financial collapse spreads, Asia must be prepared for its share of the damage The financial markets have gone crazy after the US Congress on Monday voted down the US$700-billion bail-out...

Confused in Thailand.
October 1, 2008... Byline: The Nation. At a recent seminar on the future of the Thai economy organised by The Nation, economic leaders wondered if it is time for Thailand to consider what kind of political system it wants from now on. Over the past 40...

Somchai the reconciliatory VS Somchai the enigma.
October 1, 2008... Byline: The Nation. TODAY'S fiercest political contest is the one between the two sides of Prime Minister Somchai Wongsawat, so don't blame yourself if you are feeling a little ambivalent towards the new leader. It's normal to have a...

Chiang Mai tops for human security, Bangkok and Phuket worst.
October 1, 2008... Byline: The Nation. Human security is worst in Bangkok, while Chiang Mai is the most liveable province, according to a 2007 government survey. "Phuket is second from bottom," Suwinai Wattatham, a senior official at the Human Security...

Man gets death for killing police officer.
October 1, 2008... Byline: The Nation. The man who assaulted a junior traffic policeman and battered him to death during a street brawl was yesterday condemned to death, while his five companions were each given a six-year sentence. The Criminal Court...

Closed-circuit cameras couldn't deter bomb attacks.
October 1, 2008... Byline: The Nation. Police have found the fragment of a clock at the parking lot next to a police station that was rocked by a powerful explosion on Monday night. About twenty police officers combed the area looking for clues, but...

Hawking Thailand.
October 1, 2008... Byline: The Nation. Culture Minister Worawat Ua-apinyakul has set out his stall of new ideas - amulets and ambassadors to attract more tourists Local amulets in unusual shapes, like Nagas, phallus symbols and buffaloes, will soon hit...

FDA froze 60-tonne milk powder shipment from China.
October 1, 2008... Byline: The Nation. The Food and Drug Administration (FDA) has confiscated 60 tonnes of milk powder imported by Dutch Mill and will study it for melamine contamination, a top health official said yesterday. Satis Tresatayawed,...

CPF aiming to be global brand.
October 1, 2008... Byline: The Nation. Charoen Pokphand Foods (CPF) plans to promote its CP-brand products aggressively worldwide, to capitalise on growing global concerns about food safety. "We plan to reduce the volume of original-equipment...

Mazda3 gets boost from minor change.
October 1, 2008... Byline: The Nation. Mazda Thailand has launched a minor-change version of the 3. The changes include slight alterations to the front and rear bumpers and a different front grille. Mazda has been seeing positive sales for the 3 this...

'Expect two years of gloom'.
October 1, 2008... Byline: The Nation. Exports to major markets likely to fall 10% in next 12 months The Thai economy will enter a gloomy period for at least two years due to the impact of the financial crisis in the United States, executives at...

Townhouse focus at Plus Property.
October 1, 2008... Byline: The Nation. Plus Property will to switch to developing Bangkok townhouse projects worth Bt5 billion after running into costly legal snarls with its 11 condominium projects under the Condo One brand earlier this year. "We'll...

McCormick spices up production capacity.
October 1, 2008... Byline: The Nation. Spice and flavouring manufacturer McCormick (Thailand) has expanded its production capacity to serve rising demand in the US and Europe despite the global economic slowdown. It has spent Bt18.5 million to boost...

Sansiri may miss sales target: DBS.
October 1, 2008... Byline: The Nation. Sansiri might miss its sales target of Bt18 billion this year due to declining consumer confidence, DBS Vickers Securities (Thailand) said yesterday. The securities house has lowered its revenue forecast for...

Zebra likely to suspend its expansion plan.
October 1, 2008... Byline: The Nation. Satien Stainless Steel, the manufacturer and exporter of Zebra kitchenware, is likely to suspend its plan to increase production capacity if demand in the local kitchenware market shrinks next year. The company's...

Bangkok Bank offers BTS card.
October 1, 2008... Byline: The Nation. Elevated-train travellers can now top up their BTS cards via the ATMs of Bangkok Bank at every Skytrain station. Ruchanee Nopmuang, BBL executive vice president, said customers who held the bank's debit and ATM...

Olarn worried about liquidity amid global squeeze.
October 1, 2008... Byline: The Nation. Crisis prevention will figure prominently in the economic management of the Somchai Wongsawat government, which is preparing measures to cushion the fallout from the US financial crisis. Olarn Chaipravat, deputy...

World leaders urge us to push ahead with its rescue package.
October 1, 2008... Byline: The Nation. Bush unfazed by Congress snub, says bail-out plan still on US President George W Bush yesterday declared that the House of Representatives' rejection of a mammoth Wall Street bail-out package was "not the end" of...

AFET eyes 'unenthusiastic' asset management firms.
October 1, 2008... Byline: The Nation. The Agricultural Futures Exchange of Thailand (Afet) hopes to boost daily trading volume to 1,500 contracts a day by inviting asset-management companies to invest in the market. However, asset-management companies...

Labour Laws Q&A.
October 1, 2008... Byline: The Nation. Why do some employers set time limits on employment contracts' What are advantages or disadvantages to them or to their employees' Employers choose to give fixed-term contracts to employees for the following...

Promoting people in periods of turmoil.
October 1, 2008... Byline: The Nation. Promoting junior managers to executive ranks, hard-working staff to a supervisory role, or switching a project manager is often a risky proposition. Fear of picking the wrong person often leads to undue delay of the...

Firm creates opportunities in lean times.
October 1, 2008... Byline: The Nation. Pronto takes advantage of a slump to launch marketing services for SMEs Like the old saying, "there are opportunities in every crisis", technology-marketing veteran Derek Brown has foreseen a bright prospect for...